Econintersect: Every bourse in Europe except Norway was down last week. And all except Oslo, Stockholm and London were down by 2-3%. Frankfurt had the largest loss, down by 3.3%.The reason for the market performances: surging oil prices. Norway and the UK produce 90% of the oil production within western Europe and Norway exports a significant portion of their production.
The data for the European markets for the week and year to date:
Sources: Yahoo Finance and U.S. Dept of Energy
